| 1.     | Upon execution of      this letter agreement, EGC shall make one      or      more advances to Borrower in the aggregate amount of $250,000.00,      which amount shall become part of the Obligations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 2.     | The Overadvance will      be identified on E-GC's books as a separate loan and Interest on the      Overadvance shall be charged at the Accounts Interest Rate specified in      Section 3.1 of the Loan Agreement. The interest associated with this      Overadvance shall be in addition to the Minimum Monthly Interest Charge      and shall not be      considered when determining if the Minimum Monthly      Interest Charge is applicable.                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 3.     | Borrower      agrees to repay the Overadvance, and hereby authorizes EGC to reduce the      Overadvance by applying $10,000.00 per business day from Borrower's      availability under the Loan Agreement. The daily repayment of the      Overadvance shall commence January 7, 2008 and shall      continue each business day thereafter until the      Overadvance is paid in full. Notwithstanding the foregoing, the      outstanding amount of the Overadvance shall be immediately due and payable      upon (a) the occurrence and continuation of an Event of default under the      Loan Agreement; or      (b) termination of the Loan Agreement, whether by default,      acceleration or otherwise. |

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| 4.     | Notwithstanding      anything set forth to the contrary in the Loan Agreement. Borrower shall      pay EGC an accommodation fee for arranging the Overadvance as follows:      (a) a      non-refundable fee in the amount of one percent (1.0%) of the gross amount      of the      Overadvance (i.e., $2,500,00) fully earned and payable on the day      the Overadvance is extended. |
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|   |                                                                                                                                                                                                                                                                                                                                                                                      |
| 5.     | In addition to the      foregoing,      Borrower agrees that EGC may charge an internal      transfer fee of $5.00 per transfer associated with the payments of      the Overadvance and Borrower shall also remit to EGC a S250.00      documentation fee in consideration of EGC documenting this      accommodation.                                                                   |

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|                                                              | Very      truly yours,                                                    |
|-------------------------------------------------------------------|---------------------------------------------------------------------------|
|                                                              |                                                                      |
|                                                              | ENTREPRENEUR GROWTH      CAPITAL                                          |
|                                                              |                                                                      |
|                                                              | By: /s/ Charles Bert                                                      |
|                                                              | Name: Charles      Bert                                                   |
|                                                              | Title: Vice      President                                                |
|                                                              |                                                                      |
| CONSENTED      AND AGREED TOthis      ___ day of December 2007    |                                                                      |
|                                                              |                                                                      |
| ABLE      ENERGY, INC.a      Delaware Corporation                 | ABLE      ENERGY, INC.a      New Jersey Corporation                       |
|                                                              |                                                                      |
| By: /s/      Gregory Frost                                        | By: /s/      Christopher Westad                                           |
| Name: Gregory      Frost                                          | Name: Christopher      Westad                                             |
| Title: Chief      Executive Officer                               | Title:      President                                                     |
|                                                              |                                                                      |
|                                                              |                                                                      |
| ABLE      ENERGY NEW YORK, INC.a      New York Corporation        |                                                                      |
|                                                              |                                                                      |
| By: /s/      Christopher Westad                                   |                                                                      |
| Name: Christopher      Westad                                     |                                                                      |
| Title:      President                                             |                                                                      |
|                                                              |                                                                      |
|                                                              |                                                                      |
| ABLE      PROPANE, LLCa      New Jersey limited liability company | ABLE      ENERGY TERMINAL, LLCa      New Jersey limited liability company |
|                                                              |                                                                      |
| By:           Able Energy, Inc.          | By:           Able Energy, Inc.                  |
| Its:           Sole Member and Manager   | Its:           Sole Member and Manager                |
|                                                              |                                                                      |
| By: /s/      Christopher Westad                                   | By: /s/      Christopher Westad                                           |
| Name: Christopher      Westad                                     | Name: Christopher      Westad                                             |
| Title:      President                                             | Title:      President                                                     |